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Why You Shouldn’t Fear the Recession (Plus a High Potential Electronics Stock)

Hey, Ross here:

Looking for a trading idea? As always, I’ve got you covered.

Chart of the Day

Jabil (JBL) is an electronics manufacturer for the aerospace, automotive, computing, and medical industries. Electronics stocks are performing well as a group, and JBL is arguably the strongest name.

After a low-volume retracement to its 50-day moving average in late December, the stock took off on huge volume. For two weeks straight, JBL advanced on heavy buying and has yet to retrace from its new highs.

This is a clear sign of institutional accumulation, and these are the kinds of moves we want to be a part of.

Traders might consider buying JBL on a pullback to the $73–$75 area or if we see another advance on high volume.

Insight of the Day

The recession – if it hits – will not be evenly distributed. And you don’t have to participate in it.

Lots of recession talk flying around this earnings season. But check out this line from a Bloomberg article I read yesterday:

“The manufacturing sector is arguably already in a recession, and the housing market has slumped, yet factory and construction employment remain elevated.”

In short, the true economic picture is a jumbled mess. Even if we enter an official recession, some sectors will be severely impacted, while others may be barely affected – or even do better.

This is no different than the stock market. We could be in an official bear market, yet certain market sectors will be thriving while others suffer. And as I’ve shown you every day on this newsletter, that means there will always be profitable opportunities you can exploit.

So, don’t let recession fears sway your trading. Yes, you should move with the market – but that’s different from succumbing to fear.

Keep reading this newsletter, and I’ll keep handing you one trading idea after another – no matter what the market is doing. And when you’re ready to “supercharge” your trading and aggressively seize the most lucrative opportunities out there – check this out.

Embrace the surge,

Ross Givens

Editor, Stock Surge Daily

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Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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